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If a firm presents an income statement and a balance sheet, why is it necessary that a statement of cash flows also be presented? Using
If a firm presents an income statement and a balance sheet, why is it necessary that a statement of cash flows also be presented?
Using the descriptions of assets, liabilities, and stockholders' equity, summarize the changes to these accounts for cash inflows and changes for cash outflows.
Depreciation is often considered a major source of funds. Do you agree? Explain.
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